The markets soared this morning after this news article was released regarding a coordinated action by major central world banks to provide liquidity to the global financial system as a preemptive strike against rising stresses in the banking system: http://www.reuters.com/article/2011/11/30/us-markets-global-idUSTRE7AK01K20111130
In contrast, there was no negative market reaction to today's monthly data release which showed a rise in the European unemployment rate to 10.3% (its highest level in 11 years), as shown in the graph below (provided courtesy of www.forexfactory.com):
The banks are happy...are the citizens?
Welcome and thank you for visiting!
The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex
DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
please read my full Disclaimer at this link.
UPCOMING ECONOMIC EVENTS...
* Fri. Sept. 4 @ 8:30 am ET ~ Employment Data
* Mon. Sept. 7 ~ U.S. Holiday: Labour Day (markets closed)
* Wed. Sept. 16 ~ 2-day FOMC meeting begins + Thurs. Sept. 17 @ 2:00 pm ET ~ FOMC Statement + Fed Funds Rate + Economic Projections + @ 2:30 pm ET ~ FOMC Chair Press Conference
*** Click here for link to Economic Calendars for additional data